AFFORDABLE LOAN AGAINST PROPERTY: A-LAP

Affordable Loan Against Property (A-LAP) gives self-employed individuals, salaried individuals, MSME owners and professionals access to low-cost, long-tenure credit against their self-owned residential, commercial or industrial property — without having to sell the asset. By using their property as collateral, borrowers can access affordable credit with longer repayment tenures and lower EMIs compared to unsecured loans. .

Choose Your A-LAP

Saral A-LAP

Loans from Rs. 20 Lacs to Rs. 35 Lacs, built for smaller, straightforward funding needs — working capital, business expansion or debt consolidation for small traders, shop owners and professionals.

Suvidha A-LAP

Loans of Rs. 35.01 Lacs and above, suited to customers who need a bigger ticket size to meet both business and personal financial needs — from business scale-up to education, medical or major personal expenses.

WHO CAN APPLY:

• Self-Employed Individuals — Traders, Shop Owners, Service Providers
• MSME Proprietors and Partners
• Professionals — Doctors, CA, Architects
• Salaried Individuals (Cash/Account)
• Rental Income Individuals (Cash/Account Credit)
• Informal-Income Segment with Stable, Provable Cash Flows

Property You Can Pledge:

• Self-Occupied Residential Property
• Self-Occupied Commercial Property
• Rented Residential / Commercial Property
• Mixed-Use Property (Self-Occupied)
• Industrial Property with Machinery

Property must carry a clear, marketable title, be free of legal disputes or major encumbrances, be located in an approved geography, and have a minimum residual life of 20 years at the time the loan is sanctioned.